With the Ukrainian conflict emphasising the need to displace Russian fossil fuel and natural gas reliance, the EU has looked to alternatives in order to support the energy transition and become independent.
This is significant as not only will the EU look to develop further renewable energy projects such as wind farms and solar, but this will also see a surge in hydrogen production.
Hydrogen can not only be used to decarbonise various aspects of industry but it can also be used in order support intermittent energy such as solar and wind so there is a solid flow of green energy.
According to DNV, overall gas use will drop 9% in 2024 compared with DNV’s pre-war model run. The biggest percentage increase is in solar, which by 2026 is up 20%.
This 20% increase could be coupled with electrolysis to support the generation of green hydrogen to further displace Russian fossil fuel reliance.
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